Description
TUTOR MARKED ASSIGNMENT
IBO-OI International Business Environment
IBO-OI/TMA/2026-.2027
ALL BLOCKS
1. a) What is cultural environment? Discuss important elements of culture and their impact on a firm’s international business operations.
b) Explain modern theory of trade. Distinguish between absolute advantage and comparative advantage theory.
2.Explain the accounting mechanism of balance of payment. Distinguish between current account, capital account and official reserves account. Also analyse the causes and consequences of disequilibrium in balance ofpayment.
3.Comment on the following:
a) A tariff leads to a rise in the country’s demand for import.
b) World GDP has grown at the faster rate than the world merchandise trade.
c) Market intermediaries fall under macro environment.
d) Agricultural goods are the single largest group of items traded internationally.
4. Distinguish between:
a) Economic environment and Legal environment
b) Express contracts and Implied contracts
c) Arbitration and Litigation
d) Product standards and Process standard
5. Write short notes on the following:
a)Protectionism
b) Future goods
c) The Basel Convention
d) Code Of Ethics for International Marketing
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